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Mega-regional trade agreements: Threat or opportunity for the future of African trade?

Published on April 21, 2016

How can Africa mitigate the potential negative impacts of mega-regional trade agreements and support its structural transformation efforts through trade?

Since the early 2000s, regional trade agreements (RTAs) – allowed under WTO rules – have flourished. Interestingly, this development has taken place in the context of minimal progress in multilateral trade negotiations, thereby suggesting strong interest by many countries to consider regional markets as an important avenue for expanding trade. The emergence of mega-regional trade agreements (MRTAs), which gather together not just neighbouring countries and account for large shares of world GDP and population, attests to this trend. Read more. Source: ICTSD Bridges.